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Bungie Secures Over $100 Milllion in Investment from NetEase for "Something New"

Posted on Tuesday, June 05, 2018 by Norman Carr

Bungie Secures Over $100 Milllion in Investment from NetEase for "Something New"

The partnership, which comes in at a cool $100 million, gives NetEase a minority stake in the developer, as well as a seat on the board of directors.

The Chinese online gaming company, that also manages Blizzard's crop of multiplayer titles in China (WoW, Hearthstone, Overwatch), has gained a minority stake in Destiny developer Bungie in a deal worth over $100 million United States dollars.

"While we are huge fans of the title and would love to bring it to China, as far as Destiny 2 is concerned, that decision is ultimately Bungie and Activision-Blizzard's", explained strategic investments and partnerships manager Simon Zhu.

As detailed on a recent blog post, the partnership will help Bungie become an entertainment company which can "explore new directions" and "build new worlds".

NetEase said the investment would help speed up the USA studio's vision of "becoming a global, multi-franchise entertainment company".

"With their industry expertise, they will empower us to build new worlds and invite players, new and old, to join us there". Bungie stated that the players who are enjoying the Destiny series will not experience any detriments because of the new games. As many sources pointed out, Destiny 2Forsaken must be focusing on Caydee, as Curse of Osiris centered on Ikora and Warmind on Zavala.

Bungie, however, noted that it will continue its work on Destiny 2 as part of its separate partnership with Activision Blizzard. We have a bold vision to explore with them, but that is all a conversation for another time.

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